Electrum is a lightweight Bitcoin client, based on a client-server protocol. It was released on november 5, 2011., Electrum made its way on the scene when bitcoin were valued at just a few dollars. It is now estimated that some 10% of all bitcoin transactions occur on Electrum. As you’ll soon see, there are many reasons why Electrum has emerged as the wallet of choice for cryptocurrency enthusiasts.
Features of Electrum;
- Firewall friendly
- Hardware wallet integration
- Encrypted wallet
- Free software
- Cold storage
Some common issues of Electrum;
- Unable to sell bitcoins.
- Create an account issue.
- Error Code 5.
- Password error.
- Unable to delete Electrum
- Unable to withdraw split coins.
- Electrum account is hacked.
- I can’t log in to my account.
- Unable to buy bitcoins.
- Identity verification problem.
- Puzzle captcha error.
- Unable to generate Bitcoin
- Bitcoin transaction error.
- Unable to deposit cryptocurrency to another wallet.
- Unable to withdraw digital currency from another wallet.
- Withdrawal delay in Digital currencies.
- Two Factor Authentication problems.
Pros and Cons of Electrum;
Pros
- Fast and easy to setup
- Various privacy features
- Hardware wallets integration
Cons;
- Not ideal for beginners
- Only supports Bitcoin
